National Intergroup Inc.

April 18, 1985|By Deanne Brandon of the Sentinel Staff

NO DEAL. Scuttled: A $665 merger of Bergen Brunswig Corp. with National Intergroup Inc. Bergen Brunswig: Scared off by earnings prospects for National Intergroup. Specifics: Pittsburgh-based National Intergroup said Wednesday it expects to post a loss of $20 million, or $1 a share, for first quarter of 1985. Big factor: The depressed market for steel and aluminum. Still optimistic: National Intergroup said it will keep looking for business combinations that would enable it to diversify from steelmaking to a more reliable source of profit.